What are Caterpillar's profit margins?

Caterpillar (CAT) runs a 96.6% gross margin and a 16.5% operating margin, with a 13.3% net margin.

Where do Caterpillar's ratios come from?

Every ratio is computed from Caterpillar's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Caterpillar CAT Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	96.6%-3.3pp	99.9%+2.4pp	97.5%-2.5pp	100%-1.0pp	101%+1.1pp
Operating margin	16.5%0.0pp	16.5%-1.2pp	17.7%-0.6pp	18.2%-0.9pp	19.2%-1.0pp
Net margin	13.3%+0.2pp	13.1%-1.2pp	14.3%-0.6pp	14.9%-0.8pp	15.7%-0.9pp
Efficiency
Asset turnover	0.8×+0.1×	0.7×0.0×	0.7×0.0×	0.7×0.0×	0.7×0.0×
Liquidity
Current ratio	1.4×-0.1×	1.4×+0.1×	1.4×0.0×	1.3×0.0×	1.3×-0.1×
Valuation
Market capitalization	$329.64B+23.0%	$268.09B+19.9%	$223.53B+27.4%	$175.44B+11.3%	$157.62B-10.0%
Price / earnings	35×+4.8×	30.2×+6.1×	24.1×+5.5×	18.6×+2.7×	15.9×-0.4×
Price / sales	4.7×+0.7×	4×+0.5×	3.5×+0.7×	2.8×+0.3×	2.5×-0.2×
Dividend yield	0.8%-0.2pp	1%-0.2pp	1.2%-0.3pp	1.5%-0.2pp	1.7%+0.2pp

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Questions, answered.

What are Caterpillar's profit margins?: Caterpillar (CAT) runs a 96.6% gross margin and a 16.5% operating margin, with a 13.3% net margin.
Where do Caterpillar's ratios come from?: Every ratio is computed from Caterpillar's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.